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lew shot it down and the president much more than open than jack lew to some of those changes so i think republicans think that this is a step in the wrong direction for them. but listen. there's definitely always concern from progressives. i think that's natural. and this administration has broadly been open in words, maybe not in deeds, republicans would say, to changes to social security, medicare and medicaid. so i guess he falls in line. he has been resistant according to people involved in the negotiations to major overhauls to the entitlement system. >> you mentioned that republicans don't like negotiating with him. with is that because he's really good at it? is it because he's hard to work with? i mean, is this a good choice for the president because he's hard nosed and a good negotiator or is it going to put a bad taste in republicans' mouths? >> what the complaint always is about jack lew is he can never get to yes. and maybe that means he's a good negotiator for the president because the president might not have wanted to get to yes and not the guy to deliver that but that's
lew shot it down and the president much more than open than jack lew to some of those changes so i think republicans think that this is a step in the wrong direction for them. but listen. there's definitely always concern from progressives. i think that's natural. and this administration has broadly been open in words, maybe not in deeds, republicans would say, to changes to social security, medicare and medicaid. so i guess he falls in line. he has been resistant according to people involved...
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jack lew, what's wall street think? >> you know, jack lew -- there are people who look back and forth at this. and there has been a raging debate on wall street. the instant knee-jerk reaction was that the business leaders, business community, would like to see somebody who would listen to them, maybe get their points across a little more, maybe be more interested in growth. but overall, people say jack lew has a great resume. he is a very strong player. and he is somebody who has been involved in the budget negotiation talks. and that's something that we need going around. so while they say he may have some weak points, they also expect he will be confirmed. and so people are getting used to that idea. what they're talking about now, who would be the deputy treasury secretary, someone who has a very close finger and the pulse on the financial markets, because they say that's their big concern is we want to see what happens with all these things. we have seen investors coming back into the markets. and chuck, i know it'
jack lew, what's wall street think? >> you know, jack lew -- there are people who look back and forth at this. and there has been a raging debate on wall street. the instant knee-jerk reaction was that the business leaders, business community, would like to see somebody who would listen to them, maybe get their points across a little more, maybe be more interested in growth. but overall, people say jack lew has a great resume. he is a very strong player. and he is somebody who has been...
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jack lew, women qualified for the positions? absolutely. >> do you believe that there is some meeting happens right now to try to appropriately deal with this? i mean, no one wants the job just based on the gender or color. you want to say i earned my way in this and we know the realities of doors opened and closed in our nation's past to women, to people of color. do you think given the situation, the exposure there's serious talk behind the scenes at the white house? >> absolutely. i think that's right. there's some serious talk about how to fill out the rest of the cabinet. you saw the white house rush to essentially say, hey, wait a minute, we have the folks staying. holder and sebelius but to me in some ways they weren't in tune to this initially going in to this and only speaks to the lack ofdy rersty. no one in that room to say, listen, maybe we have a problem with the optics with rolling out all of these white male candidates. >> last thing i'd say, tamron, look. this is important. we want to create good role models for
jack lew, women qualified for the positions? absolutely. >> do you believe that there is some meeting happens right now to try to appropriately deal with this? i mean, no one wants the job just based on the gender or color. you want to say i earned my way in this and we know the realities of doors opened and closed in our nation's past to women, to people of color. do you think given the situation, the exposure there's serious talk behind the scenes at the white house? >>...
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i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that we have limited fiscal resources. like jack, have i spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. i feel incredibly fortunate that my wife, carol, and my family have been willing to allow me to do this. i thank them for their support and their patience and i understand their occasional impatience. [ laughter ] >> i want to express my admiration and my appreciation for the women and the men of the treasury de
i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that...
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and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at least historically speaking, those are not the kind of things that keep a person out of a top tier job like that. as "the new york times" calculated today, in the history of the u.s. senate, the senate has confirmed over 500 cabinet nominations. over 500. it has denied nine out of more than 500 in gnat senate history. the last time a cabinet nomination was denied was almost 25 years ago when the senate voted down poppy bush's nominee for defense john tower after what would later be described in his obituary of public allegations of
and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at...
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it's believed to be jack lew. that is who he will nominate. chief congressional correspondent mike emanuel looks at the lew pros and cons tonight from the white house. >> two sources close to the process say white house chief of staff jack lew is expected to be nominated by the end of the week. publicly, jay carney avoided getting ahead of president obama. >> i don't have a timetable for any other personnel announcements but i have no new information. or any change information on secretary geithner departure. >> sources say lew is up with of the president's favorites because of the sharp knowledge of the federal budget and no drama style. capitol hill republicans say lew gained a reputation for being arrogant and rigid in the 2011 dead ceiling fight. the top republican predicts a bumpy confirmation process because lew is too political in the capitol hill testimony. >> he refused to acknowledge basic financial certainly and spun numbers in a way that benefited president. he did not show credibility he wants in the cabinet position. >> the confi
it's believed to be jack lew. that is who he will nominate. chief congressional correspondent mike emanuel looks at the lew pros and cons tonight from the white house. >> two sources close to the process say white house chief of staff jack lew is expected to be nominated by the end of the week. publicly, jay carney avoided getting ahead of president obama. >> i don't have a timetable for any other personnel announcements but i have no new information. or any change information on...
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lew has been very suk s sesful and if anybody can, jack can. if you look at the paul ryan budget, what you see is literally a transfer of trillions of dollars over the ten-year budget window from programs that help low income people to tax cuts for rich people. this is the robin hood in reverse on steroids. jack lew recognizes that one of the critical roles for government is protecting economically vulnerable people. now, that doesn't mean he won't put some spending cuts on the table and they may even involve entitlements but you can bet the vulnerable retirees and the people who depend on the safety net at times of market failure will have a very strong ally in jack lew. >> to that point, many people have suggested in the past that there's been a revolving door that goes from the treasury to wall street and back again. is this man part of that coterie or is he very much and firmly in the public service camp? >> it's much more in the public service camp. i read this morning a critique of the choice of jack for treasury secretary by some financi
lew has been very suk s sesful and if anybody can, jack can. if you look at the paul ryan budget, what you see is literally a transfer of trillions of dollars over the ten-year budget window from programs that help low income people to tax cuts for rich people. this is the robin hood in reverse on steroids. jack lew recognizes that one of the critical roles for government is protecting economically vulnerable people. now, that doesn't mean he won't put some spending cuts on the table and they...
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jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars on their oscar campaigns. a top industry expert is here to crunch the numbers. even when they say it's not, it is always about money. melissa: we start today with another school shooting. it happened at taft union high school in california. one student was shot. the sheriff says they have one suspect in custody. makes the meetings on gun control today, on capitol hill even more urgent. the fact that vice president joe biden met with the nra and other gun rights activists on possible new federal regulation. at the same time attorney general eric holder was talking
jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars...
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jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to take this? because we've already seen some opposition to him. >> as expected, a lot aren't taking it very well. they say he still has questions to answer about harsh interrogation tactics from the bush era. he hasn't answered that. lindsey graham the other night speaking on fox news that suggested he wants to put a hold on brennan's nomination. use that as leverage so he can get the answers that he and his republican colleagues, kelly ayotte, john mccain have been pushing for from clinton from the obama administration and the atta
jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to...
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it is worth noting, in 2008 jack lew oversaw one of the most controversial branches of citigroup and there has been -- we talked about it yesterday. we're talking about wall street and the white house and the university system being the military industrial complex of our time, quoting gabe sherman from "new york magazine" piece. there is a pipeline between this stuff, and when you have a treasury secretary that's setting monetary policy, should he be someone that is theoretically in could ka hoots with the street? >> that strikes me as a crazy attack from bernie sanders because lew -- it is true that lew wrote for citigroup. he is probably the most liberal group of the cabinet. he has spent his whole career on the left of the democratic party. you know, he is also a liberal a lot of republicans trust and have worked with and feel he is an honest person. he is a guy who, i mean, he has talked for a long time about the importance of, satisfy, the cuts to defense spending, which isn't something that a lot of people of either party are comfortable saying. i mean, he is not a high profile
it is worth noting, in 2008 jack lew oversaw one of the most controversial branches of citigroup and there has been -- we talked about it yesterday. we're talking about wall street and the white house and the university system being the military industrial complex of our time, quoting gabe sherman from "new york magazine" piece. there is a pipeline between this stuff, and when you have a treasury secretary that's setting monetary policy, should he be someone that is theoretically in...
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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
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he is jack lew now chief of staff. he's got one thing in common with the president's last three nominees namely john kerry chuck hagel and john brennan all three are white males. does president obama have a diversity problem or people just being too hard on him again. we'll talk about that and a whole lot more. but first, she's got the latest, today's current news update from lisa ferguson out in los angeles. good morning. >> hey bill. good morning everyone. the white house is gearing up for a fight with the nra in the midst of meetings from obama's new gun violence task force. cnn is reporting that the nra is prepping a hard-hitting ad campaign mounting opposition to possible new restrictions. nra president david keen says the group is mobilizing for a fight and will engage its members. now the white house's plan is to outorganize the nra. president obama is rallying groups of churches, medical organizations and retailers all to build support for new gun regulations. >>> the joe biden-led task force is set to deliver
he is jack lew now chief of staff. he's got one thing in common with the president's last three nominees namely john kerry chuck hagel and john brennan all three are white males. does president obama have a diversity problem or people just being too hard on him again. we'll talk about that and a whole lot more. but first, she's got the latest, today's current news update from lisa ferguson out in los angeles. good morning. >> hey bill. good morning everyone. the white house is gearing up...
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jack lew, the current white house chief of staff. the nomination not without controversy, as most are not these days. mr. lew's reputation truly precedes him in this case. some in the senate as seeing him overly rigid -- the senate and the house on capitol hill see him overly rigid. wyoming senator john bros. sew is chairman of the foreign policy committee. nice to have you back on the program. >> thank you, jenna. jenna: i was looking at a report from bob woodward, speaker boehner apparently told woodward that he asked the president to keep jack lew at the white house, to not send him to capitol hill because he was tired of hearing the word "no" so many times. what's your reaction to this nomination if. >> well, jack lew is very partisan, and he's very political. but the fundamental problem, jenna, are are the president's policies and the president's addiction to spending. to me, that's the bigger issue. wewe are $16 trillion in debt, t is the greatest threat to our national security, and yet jack lew and the president think that sp
jack lew, the current white house chief of staff. the nomination not without controversy, as most are not these days. mr. lew's reputation truly precedes him in this case. some in the senate as seeing him overly rigid -- the senate and the house on capitol hill see him overly rigid. wyoming senator john bros. sew is chairman of the foreign policy committee. nice to have you back on the program. >> thank you, jenna. jenna: i was looking at a report from bob woodward, speaker boehner...
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lew. the president said lew is a master of policy who can work with members of both parties. and about lew's now famous signature which would appear on the bills in your pocket, the president said that lew has promised him to make at least one letter legible in order to not debase our currency, the president said. the president is getting some criticism today for not his cabinet. and after this white house photograph appeared in the newspaper, showing the president meeting with top aides, all but one of them men, the white house quickly put out another photograph of the president with senior advisors including three women. with a little perspective on the president's cabinet picks we turn to our political director john dickerson. john, what dow make of it? >> reporter: well, scott, there are a series of critiques here. some of the president's political allies think that he should acknowledge in his staff selections that he won re-election with the votes of women and minorities. other criti
lew. the president said lew is a master of policy who can work with members of both parties. and about lew's now famous signature which would appear on the bills in your pocket, the president said that lew has promised him to make at least one letter legible in order to not debase our currency, the president said. the president is getting some criticism today for not his cabinet. and after this white house photograph appeared in the newspaper, showing the president meeting with top aides, all...
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now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, there is actually a very extensive background on this man. he has been the leading contender. without further ado, have a listen to all of the
now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he...
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tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down. all we have from sources is that it will happen sometime this week mptd not certain if that is tomorrow or friday or over the weekend but it will happen
tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut...
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so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> things are looking up for the u.s. economy. let's hope our politicians don't bring it down. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. walmart reverses itself on gun violence meeting. do you know who jack lew is? you will soon. more nightmares on the dreamliner. and america is on track to prosper if we just let it. but, first, that walmart story. the change of heart. vice president jo
so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how...
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>> shepard: jack lew cracked a joke about his famous signature. we reported on this yesterday. here is what his signature would like like on our paper money if he gets the gig. he recently learned that he had something in common with the outgoing secretary geithner. >> you know, i thought i knew you pretty well but it was only yesterday that i discovered that we both share a common challenge with penmanship. [ laughter ] >> shepard: secretary geithner actually changed his signature from the one on the top here to the one that made it on our money so that people could actually read his name. the president today said he almost reconsidered nominating jack lew after he saw that squiggly thing he calls a signature there are new rules for folks trying to take out a mortgage. the feds say the rules will help prevent another housing crisis. the recently established consumer financial protection bureau issued the new rules which require lenders to make sure folks can actually afford to repay their loans. of course, the chain of bag mortgages and foreclosures collapsed the housing marke
>> shepard: jack lew cracked a joke about his famous signature. we reported on this yesterday. here is what his signature would like like on our paper money if he gets the gig. he recently learned that he had something in common with the outgoing secretary geithner. >> you know, i thought i knew you pretty well but it was only yesterday that i discovered that we both share a common challenge with penmanship. [ laughter ] >> shepard: secretary geithner actually changed his...
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lew, john kerry o beyond their abilities, but also because there is some personal relationship there makes him say for the next four years, i really want to accomplish big things, i want people who i really know well, like well, who i believe are where i am? >> well, there's no doubt that he has confidence in them, that he feels,-- that he feels a connection with them, that he feels that they will faithfully execute-- . >> rose: would he have preferred ssz an rice to john kerry. >> susan rice say great friend of mine. and i think a spectacular public servant. you have probably spent quite a bit of time with her. i think she's done an outstanding job in her position. i have said, you know, she was clear leigh a strong candidate for secretary of state. she was never, the president never said to me i've decided to choose susan rice or i prefer to choose susan but-- . >> rose: what was he thinking about the nomination. what kind of conversation would you have with the president about who he might nominate for secretary of state? >> well, i'm to the going get into detail about it other th
lew, john kerry o beyond their abilities, but also because there is some personal relationship there makes him say for the next four years, i really want to accomplish big things, i want people who i really know well, like well, who i believe are where i am? >> well, there's no doubt that he has confidence in them, that he feels,-- that he feels a connection with them, that he feels that they will faithfully execute-- . >> rose: would he have preferred ssz an rice to john kerry....
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first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief operating officer role. in that, jack has been exposed to every type of policy and issue and regulation. it's a huge gambit of issues and terrain that he is an expert on the depth he can bring on a number of issues, especially economic policy. >> that makes lew more than qualified to negotiate the debt debates and republicans in congress. wall street doesn't like him so much. who cares what wall street thinks. to many that makes him more palatable. the president made the right choice with tim geitner because the world was teetering on financial collapse. he knew the ins and outs of wall street a
first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief...
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jack lew makes sense at treasury. it made sense to replace peter orszag, gene spurling and then austin goolsby with allen krueger. you have to wonder, can it really be the case that this white house, after four very difficult years in which people are very tired, in which they're very burnt out, in which they've been worn down by endless battles with the republicans, and in which the sort of natural dynamics of group thinking in a tightly knit administration have taken over, can it really be the case if they can benefit from bringing in new people with new voices and new experiences and a fresh perspective? a lot of people i talk to, some of them former members of the administration, think at this point that it is a big problem, that at this point the president needs to get out of his comfort zone in some of these appointments particularly on the economics side and bring in folks with a new perspective. yet that's balanced by the fact that they don't think jack lew is a bad guy or going to be a bad treasury secretary,
jack lew makes sense at treasury. it made sense to replace peter orszag, gene spurling and then austin goolsby with allen krueger. you have to wonder, can it really be the case that this white house, after four very difficult years in which people are very tired, in which they're very burnt out, in which they've been worn down by endless battles with the republicans, and in which the sort of natural dynamics of group thinking in a tightly knit administration have taken over, can it really be...
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yesterday i told but a silly concern that's popped up about jack lew being nominated for secretary of the treasury. his signature if confirmed. that, that's the signature that would end up at the bottom of our paper money. look at that thing. that can't be. today's nomination ceremony president obama didn't let that topic of his crazy signature slide. >> i had never noticed jack's signature, and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one letter legible in order not to debase our currency should he be confirmed as secretary of the treasury. >> well, there is some home. tim geithner had a messy signature on 4is back but in the bill it's completely lenlible. looks like alexander hamilton. >>> next aig has thought better about suing the federal government over the terms of the 2008 bank bailout. yes, the same taxpayer funded bailout that brought them $200 billion and saved them from bankruptcy. anyway, before the news of the potential lawsuit aig launched an ad campaign th
yesterday i told but a silly concern that's popped up about jack lew being nominated for secretary of the treasury. his signature if confirmed. that, that's the signature that would end up at the bottom of our paper money. look at that thing. that can't be. today's nomination ceremony president obama didn't let that topic of his crazy signature slide. >> i had never noticed jack's signature, and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint...